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The cryptobroker LH-Crypto is a new crypto division of Larson&Holz, a well-established international Forex broker, that has been in the market since 2004. The broker has applied its experience, developments and good reputation to create something unique, the first cryptobroker. This unprecedented project combines all the advantages of a crypto exchange and a Forex broker, thus eliminating their flaws.
You can register accounts in one of the 12 major cryptocurrencies, and then deposit and withdraw funds in this crypto. More conservative users can switch to Euro deposits too. There are two options for withdrawal – instant automated withdrawals, which have their daily limits, and unlimited manual withdrawals for larger amounts.
The broker offers three types of accounts: Start, Standard and Pro. The services are mostly the same, they only differ by the leverage size and by daily limits for withdrawal. They also differ by the KYC Policies. Start users can keep their identities uncovered, which is precious for residents of strictly regulated countries. Those who choose to reveal their identity can enjoy more advantages with Standard and Pro services.
The platform developers did their best to adapt professional trading services to the crypto environment. This is why they came up with Rolling Swaps. Daily commissions for keeping a position open are usually charged at midnight, which is not convenient for cryptotraders. With Rolling Swaps, the commissions for the first 3 days are as low as possible, moreover, it is only charged 24 hours after an order is opened.
LH-Crypto has one of the lowest commissions in the industry, that comprises to 0,2% for crypto assets and as low as 0.015% for Forex assets.
The cryptobroker offers flexible leverage that suits the needs of all the traders. It is lower for Start services, reaches its maximum for Standard accounts and decreases for Pro accounts, to decrease risks to their large deposits.
Every active trader can take part in rating contest. All you need to do is to register and trade, the prize winners are those who reach the highest profitability by the end of the month. So traders with 100 Euro on their accounts have the same opportunities as traders who work with 10’000 Euro. The project site contains daily analysis and news articles, an economic calendar and videos with weekly trading analysis to outline the most important event in the industry.
The project team offers flexible and diverse variants for strong partnership and profitable cooperation. Multifunctional Back Office software for partners, CRM system to keep the track on the clients; Online accounts system; Tools for controlling and monitoring clients’ positions. Our special offer for Call Centres will certainly impress you. LH-Crypto has also developed a special partnership programme for CPA-Networks owners – see more details on the official site.
LH-Crypto is a revolutionary project designed to make cryptocurrencies closer and introduce professional trading tools to crypto-traders!
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LHCRYPTO is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
LHCRYPTO profits from traders' trades, usually in two main ways
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First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Companies who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the company you chose. LHCRYPTO received a score of 1 of 5 on our resource.